$DJT fell 5.58% to $8.96 over 24 hours on Binance TradFi futures. This decline is not severe in the traditional stock market, but after it was transmitted to on-chain contracts, I noticed that the funding rate remained at zero and open interest stayed at a relatively calm level of 28,343 units.
This suggests that traders in the futures market did not develop a strong one-sided bet due to the price drop, and the long and short forces are temporarily balanced. There is no panic selling, and no aggressive leveraged bottom-fishing.
Trading tag: #TradFi #链上美股 #DJT
Where do you think this line of reasoning is most likely to be wrong?
This suggests that traders in the futures market did not develop a strong one-sided bet due to the price drop, and the long and short forces are temporarily balanced. There is no panic selling, and no aggressive leveraged bottom-fishing.
Trading tag: #TradFi #链上美股 #DJT
Where do you think this line of reasoning is most likely to be wrong?